by Michael Ashton on August 17, 2010

by Michael Ashton on March 24, 2010

A bottom-up approach to long-run expected equity returns suggests that long-term TIPS are priced to return a similar rate with less volatility, even if stocks are only fair value rather than expensive. Read more »

by Michael Ashton on March 9, 2010

Although many people believe that when the BLS hedonically adjusts price indices to reflect changes in quality it systematically dampens recorded inflation, there is at least one significant example of hedonic adjustment being used to increase recorded inflation for a large part of the index. Read more »

by Michael Ashton on February 17, 2010

The Government is not beaming secret messages into our brains, and it isn't manipulating CPI to hold down transfer payments, either. Here are the main reasons people perceive more inflation than there actually is. Read more »